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security which he says makes up the bulk of the deficit, the long-term deficit. of course, president obama says they have made cuts in the areas that he cares a lot about. so it is going to ba tough fight ahead. >> peter morici, right now, the president is the only one that has a real budget on the table. republicans have not laid out their budget yet. >> that is absolutely disingenuous. the president's idea is to decrease spending over 1 years. deficithe president's reduction is increase taxes. if this esident i goioing to match the republicans dollar to dollar, he is really out of his league. >> the bipartisan coalition is not getting into specifics. you have some specific proposals. >> the governor of virginia was harboring anyone to get into entitlements. there are things we can do right now. we could raise the retetirement age to 70 right now. unless we are willing to see people not have health care that need it, maybe folks that make less than $50,000 a year, we are going to have to pay less for health care. we are going to have to pay less for hospital administration. we are going t
,." president obama says our future depends on part whether or not we are creating an environment that helps business, has new ideas, and brings new products to the market. we are joined by melissa castro, editor and author of "innerloop" at the "washington business journal. and kate anderson brower from bloomberg. what is this about? >> is part of the effort to reset the business community. they will be heading up this partnership which involves about $400 million from different companies including ibm and intel which would be helping entrepreneurs and small firms get started and help to fund them in an effort to create jobs. out-educating and out- innovating, as well as the spot neck moment that he talked about during the state of the union address. >> that could be the new nickname. >> exactly. >> tell us about the other groups that came to the white house this week for that initiative. >> some ceo's from the biggest technology companies in the country came to the white house to talk to the president. their message to him was really that they support a lot of initiatives that the white ho
alliance. the flirtation went back and forth. we are talking about president barack obama and his speech on monday. with just one blockor the presidt to travel from the white house to the u.s. chamber of commerce, -- >> if we brought over aa fruiuitcake,e, we would've gottn off to a better start. >we are trying to run the government a little bit more like you run your business, with better technology and faster service.. >> but i it was mtly a skeptical crowd with little clapping. there were many promises made by the president. they promised to reform m the corporate tax code. the president urged companies to stt spending and we invest $2 trillion in business balance sheets. >> ask yourselves when you can do to hireore american workers. what can you do to invest in this nation? >>>> republican senenator tom cn told us -- >> we have heard a lot. we have seen a lot of action. we will wait and see. >> a chance to change. joining us today, two business leaders who were in the audience. david chavern. tony hill. let me start with you as a business owner. did you hear what you wanted to? >> ov
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